Yahsat Group and Bayanat merger to create Space42 will serve as a transitional shift in the space technology and artificial intelligence (AI) sector in the UAE and the entire region, said Ali Al Hashemi, CEO of Yahsat.
Based in the Middle East North Africa (MENA) region, Space42 is set to be a global AI-powered company specialised in space technology and geospatial solutions with a market value of more than AED15 billion ($4 billion), he added.
In a statement to the Emirates News Agency (WAM) after shareholders approved the…
